Overview
- The Treasury designated Nobitex and three individuals on Tuesday as part of a campaign it calls Economic Fury to block crypto channels used to help Iran evade sanctions.
- Officials say Nobitex processed more than half of Iran's digital asset inflows in 2025 and moved funds that linked to the Islamic Revolutionary Guard Corps and the Central Bank of Iran.
- The sanctions name Nobitex CEO Amir Hossein Rad and two brothers tied to the exchange's ownership and carry asset freezes and secondary limits for outside counterparties.
- The move follows a Reuters investigation and months of on‑chain tracing and partner cooperation that Treasury officials say have led to roughly $1 billion in freezes or seizures, including a large stablecoin freeze by a major issuer.
- Nobitex has denied direct government control and said illicit flows occurred without management approval, but U.S. officials warn the designation will pressure other exchanges and stablecoin firms to tighten compliance and could further restrict Iran's access to global finance.